Death Benefit Death benefit is the sum amount paid by the insurance company to the policy holder upon death. In and of itself, the death benefit constitutes the face value of the life insurance policy as per the original contract.
Death Benefit Payments The money to be paid when the insured under a life insurance policy dies. (It does not include adjustments for monies owed.) The first $5,000 of this amount is not taxed.
Death benefit is the amount your life-insurance policy or variable annuity pays to your heirs, or beneficiaries, after you die. Sponsors Center Sponsored Links ...
death benefit intaxation, a payment or receipt of proceeds to a specified beneficiary or beneficiaries by an employer, by virtue of the death of the employee.
death benefit Dictionary: death benefit Home > Library > Literature & Language > Dictionary ...
DEATH BENEFIT - A death benefit is money your beneficiary collects from your life insurance policy if y... DEATH NOTIFICATION ENTRY (DNE) - notification to a financial institution that a recipient of a governme...
Death Benefit Amounts received under a life insurance contract and paid by reason of the death of the insured.
Death Benefit Payment of a deceased participant's account balance or Accrued Benefit to a Beneficiary.
Death Benefit - The amount available for payment to the designated beneficiary(ies) upon the death of the annuitant.
Death benefits Death benefits are a component of a pension plan contract that allows for special benefits to be paid upon the death of a pension plan member. Debenture ...
Death Benefit: When a retiree dies, his or her beneficiary receives a $4,000 lump-sum payment. A retiree can also name a funeral establishment to receive this payment.
Death Benefit Amount paid on death of an insured. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Death benefits The payment the investor's estate or beneficiaries will receive if he or she dies before the annuity matures.
Death benefit - The amount stated in a policy contract as payable upon death of the person whose life is being insured. Debenture - A bond unsecured by any pledge of property. Debt - Money/assets owing.
Death Benefit - The limit of insurance or the amount of benefit that will be paid in the event of the death of a covered person. Deductible - Amount of loss that the insured pays before the insurance kicks in.
Death Benefits: Payments from an insurance policy or an individual retirement account (IRA) to a beneficiary.
death benefit: The amount of money paid to a beneficiary when a policyholder dies. The death benefit is the face value of a policy. The beneficiary is not taxed on the benefit when s/he receives it.
Death benefit The amount that a segregated fund policy agrees to pay to the beneficiary or the estate on the death of the annuitant. Debenture ...
* DEATH BENEFIT: Death benefit to heirs is 100% of the balance of the accumulation value or in some cases the income account value. * 100% liquidity for Long Term Care & Terminal Illness (in most cases) ...
DEATH BENEFIT The proceeds that the beneficiary receives upon the death of the insured as stated in the life insurance policy. DEATH WAIVER OF PREMIUM ...
Death benefit: The payment made to a beneficiary of an annuity or insurance policy upon the death of the policyholder.
Death Benefit The amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. Also known as "survivor benefit".
The death benefit of a life insurance policy, which is the amount the beneficiary receives when the insured person dies, is also known as the policy's face value. FACT Act (Fair and Accurate Credit Transactions Act) ...
D DEATH BENEFIT:  The annuity benefits that are paid to the beneficiary upon the death of the contract owner or annuitant. DEFERRED ANNUITY:  An annuity that provides a means to accumulate funds on a tax-deferred basis.
Provides a death benefit only, no build-up of cash value. Term life insurance ...
accelerated death benefits under a life insurance contract that are paid to a terminally or chronically ill person by the insurance company or a viatical settlement company accident and health insurance benefits black lung benefits ...
Accidental Death Benefit - The payment due to the beneficiary of an accidental death insurance policy, which is often a clause or a rider connected to a life insurance policy.
Accidential means death benefit. An option in an insurance policy where the payment is a multiple (frequently double) the policy face amount in the case of death by accidential means.
Second-to-die insurance Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes.
second-to-die insurance A type of insurance that pays a death benefit only upon the death of the last... secondary distribution The offering of a large unit of a security by a current shareholder. Also known as secondary offering.
Term insurance Provides a death benefit only, no build up of cash value. Term life insurance A contract that provides a death benefit but no cash build up or investment component.
Term life insurance A contract that provides a death benefit but no cash build-up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.
death benefit The amount payable to a beneficiary at the annuitant's or insured's death. Also called the "survivor benefit." debenture Unsecured debt backed by the creditworthiness of the issuer.
Variable interest rate See: Adjustable rate Variable life insurance policy A whole life insurance policy that provides a death benefit dependent on the insured's portfolio market value at the time of death.
This coverage typically includes expenses related to medical treatment and loss of wages, as well as disability and death benefits.
When the taxpayer receives disability or death benefits rather than a normal distribution, the 1099-R Box 7 frequently shows a distribution code 1, ...
Straight term insurance policy Term life insurance policy providing a fixed-amount death benefit over a certain number of years. Straight value Also called investment value, the value of a convertible security without the conversion option.
Death Benefit The amount payable by a life insurance company to the beneficiaries on the death of the insured (the policyholder), typically a close relati...(Read more) Death Duties Tax payable on a deceased person's estate.
Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes. Secondary distribution/offering ...
Variable life insurance policy A whole-life insurance product that provides a death benefit dependent on the insured's portfolio market value at the time of death. Variable life insurance is offered by prospectus only.
Variable death benefit Variable interest rate Variable rate mortgage Vehicle identification number Vendor financing Vendor take-back mortgage Verbal agreement Verification of deposit Verification of employment Veterans administration (VA) ...
Whole Life: Fixed premiums Fixed death benefits Fixed cash valueUniversal Life: Flexible premiums, Flexible death benefits, Cash value (depends on how the premiums have been invested) Policyholder directs where the premium funds are invested.
A contract that provides a death benefit but no cash build-up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term. Personal Finance Headlines SEARCH: ...
Term insurance Provides a death benefit only, no build-up of cash value. Term loan A bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years and requires a specified repayment schedule.
A whole life insurance policy that provides a death benefit dependent on the insured's portfolio market value at the time of death.
See also: Annuity, Beneficiary, Contract Holder, Death Benefit, Life Insurance ? Mentioned in Accumulation Period Annuitization Method Annuity Contract Assumed Interest Rate - AIR Death Benefit ...
Term life insurance, which is usually the least expensive form of life insurance, pays a death benefit to your beneficiary or beneficiaries if you die while the insurance is in force.
Universal Life:- 1. Flexible premiums, 2. Flexible death benefits, 3. Cash value (depends on how the premiums have been invested) 4. Policyholder directs where the premium funds are invested. Insurer: ...
This is also a type of life insurance that has an investment component as well as a death benefit. The main difference from universal life insurance is that you may select the types of investment vehicles as well as determining the investment amount.
Term life insurance policy providing a fixed-amount death benefit over a certain number of years. Straight voting Allows shareholder to cast all of the shareholder's votes for each candidate for the board of directors.
life insurance where benefits vary with investment performance a type of whole-life insurance policy providing a death benefit that varies according to the performance of an investment portfolio managed by the insurance company.
* Age (of course) * Premium cost * Client's Health * Type of Insurance * Death Benefit * Insurer Rating * State of Residence *Underwriting criteria ...
Term insurance Definition: [crh] Provides a death benefit only, no build up of cash value.
Universal life insurance Life insurance with an investment component as well as a death benefit. The policyholder has the flexibility to increase or decrease the investment amount. V ...
Cash (Surrender) Value - The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse.
A life insurance policy provision that calls for an additional payment, usually equal to the face amount of the insurance, in the event of accidental death. also called accidental death benefit.
The policyholder sustains the investment risk and the insurance company guarantees a minimum death benefit that is not affected by any portfolio losses. As in IRAs, earnings from variable life policies grow tax deferred until distributed.
Variable life lets you invest part of your cash value in stocks, bonds and short-term money-market instruments through mutual funds run by the insurance company. Both the death benefit and the cash value depend on the performance of the ...
Generally the least expensive form of life insurance, term life insurance covers an individual for a nominated period of time (term). If the person insured dies while covered, the designated owner/beneficiaries will collect a lump-sum death benefit.
policy, the cash value is invested in equity or debt securities. Policyholders can select and switch investment instruments. The policyholder bears the risk of the securities investment; the insurance company only guarantees a minimum death benefit ...
See also: Expense, Life insurance policy, Cash value, Saving, Banks
 
|